The Senate, Friday, summoned the Minister of Mines and Steel Development, Olamilekan Adegbite, over poor regulation and loss of revenues in the sector. This is as the Upper legislative chamber through its joint committees on Finance, National Planning, Gas Resources, Petroleum Upstream and Downstream, fixed N15billion as target revenue for Nigeria Mining Cadastre Office (NMCO) in 2022 as against N4billion Read More
The President Muhammadu Buhari-led government has so far recovered about to One trillion Naira worth of stolen funds and assets since assuming office in 2015. The APC Legacy Awareness and Campaign (LAC), a voluntary think-tank group of the governing party, in a statement released Thursday in Abuja, said all final forfeitures are being deployed for use in the government’s special Read More
The Federal Government (FG) will launch its planned Eurobond issue on October 11, finance minister, Zainab Ahmed has said. Zainab Ahmed also said the country would hold roadshows for the dollar-denominated issuance in Lagos and New York. The Debt Management Office (DMO) has previously said the Eurobonds are aimed at raising funds for external borrowing of N2.343 trillion ($5.7 billion) Read More
Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, has disclosed that the Federal Capital Territory, Kaduna, and Kwara states have been selected to benefit from the first phase of the Special Agro-industrial Processing Zones to be established in Nigeria by the Africa Development Bank (AfDB), and other development partners. The minister, who spoke at a virtual meeting Read More
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said that stoppage of foreign exchange to Bureaux de Change (BDCs) will increase the productive capacity of businesses. Mrs Ahmed said when she hosted participants of the Executive Intelligence Management Course 14 of the National Institute for Security Studies, at the ministry’s headquarters weekend in Abuja. According to Read More
The states controlled by the ruling All Progressives Congress (APC) have all agreed to henceforth allocate and release 15 percent of their annual budget for the healthcare delivery in their states. The APC states also agreed to henceforth undertake establishment of sustainable health care financing system such as health insurance and health emergency trust fund in their states. In a Read More
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said the Federal Government raised N669 billion from the Nigerian capital market through issuance of Sukuk Bonds. Ahmed said this at the Chartered Institute of Stockbrokers (CIS) 2021 national workshop on Thursday. The theme of the national workshop was: “Leveraging the Financial Markets to Achieve Double- Digit Economic Growth for Read More
For Nigeria’s democracy to develop and the welfare of Nigerians improved, a call has been made for an improved relationship between the Nigerian government and the Civil Society Organisations (CSOs). In a statement released to newsmen Monday in Abuja, Director General of the Progressives Governors Forum (PGF) and a chieftain of the governing party, Salihu Moh. Lukman, said part of Read More
ActionAid Nigeria has commended President Muhammadu Buhari on his commitment to increase education spending by 50 per cent over the next two years and up to 100 per cent by 2025. This was contained in a statement by the country director, ActionAid Nigeria, Mrs. Ene Obi, in Lagos Friday. Obi said that the increase was in tandem with the objective Read More
Kano state governor, Dr. Abdullahi Umar Ganduje, has warned that the continent of Africa will lose it respect to the world if the Nigeria cease to exist as a Nation. Ganduje, however, called on seccessionits agitators to stop immediately and give dialogue a chance. Speaking Thursday in Abuja at the second public lecture series organised by the APC Press Corps Read More
Over 900 active road contracts, covering the construction, reconstruction and rehabilitation of more than 13,000km of federal roads and highways were currently ongoing nationwide under the present administration of President Muhammadu Buhari. A think-tank of the All Progressives Congress (APC) known as Legacy and Awareness Campaign (APC-LAC) has revealed further that stretch of roads coverage is out of a total Read More
President Muhammadu Buhari Monday signed the 2021 Supplementary Appropriation Bill into law, Senior Special Assistant to the President on National Assembly (House of Representatives), Mr Umar Elyakub, has said. He told State House correspondents that the President assented to a N982,729,695,343 supplementary budget. He said the Act would largely focused on funding security and health concerns. Details loading …
A think-tank of the ruling All Progressives Congress (APC), under the aegis of APC Legacy Awareness and Campaign (APC-LAC), said the era of frosty relationship between President and state governors has ended under President Muhammadu Buhari. The APC group said the Buhari’s administration had rather strengthened national and sub-national governments’ relations. In a statement made available to newsmen Tuesday in Read More
Nigeria is losing an average of 200,000 barrels of oil per day – more than 10% of its production – to pipeline vandalism, the country’s information minister said on Monday. Nigeria relies on oil exports for more than half its budget and 95 per cent of foreign exchange. The cost to repair the pipelines alone is roughly N60 billion ($145.99 Read More
The Senate Tuesday approved the sum of N74, 773,601,916 billion as 2021 budget for the Nigeria Police Trust Fund. The approval followed the consideration of a report by the Joint Committee of the Senate and House of Representatives on Police Affairs. Chairman of the Senate Committee on Police Affairs, Dauda Halliru Jika (APC, Bauchi Central), in his presentation, observed that Read More
Disability Rights Advocacy Centre (DRAC) has supported youths to proffer innovative solutions to address Sexual and Gender Based Violence (SGBV) in Nigeria especially among Persons With Disabilities(PWDs). The Executive Director DRAC, Dr Irene Patrick-Ogbogu, who noted this at the just concluded Disability Innovation Lab organised by DRAC in Abuja explained the lab was an avenue where young innovators, software developers, Read More
Kogi state Commissioner of Finance, Budget and Economic Planning, Asiwaju Asiru Idris, Tuesday stated that over 1.3 million vulnerable people have been earmarked to benefit from the ongoing Nigeria COVID-19 Action Recovery and Economic Stimulus (N-CARES) programme. Hon. Idris stated this during the occasion of the stakeholders training/ sensitisation meeting on N-CARES programme and said it can only succeed if Read More
A nongovernmental organisation, Accountability Lab Nigeria (ALN), has urged civil servants to eschew the temptation of being used as instrument of corrupt practices in their establishments. The programme manager of ALN, Mrs Ehi Idaku, gave the admonition Monday during a workshop on Integrity and Accountability in Leadership held in Uyo, Akwa Ibom state capital. She said the organisation, partnering with Read More
The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed has urged the management of Nigerian Exchange (NGX) Limited to leverage on technology and innovations that could ease the processes of trading on the exchange. Ahmed made this call during a courtesy visit of the management of the NGX, led by its Chief Executive Officer, Mr Temi Popoola, CFA Read More
Matt Hancock has resigned as health secretary after he breached social distancing guidance by kissing a colleague. In a letter to the Prime Minister (PM), he said the government “owe it to people who have sacrificed so much in this pandemic to be honest when we have let them down”. Boris Johnson said he was “sorry” to receive the resignation. Read More
Following his declaration of free education and improved welfare for the teachers and other civil servants in Kano state, the state governor, Abudullahi Umar Ganduje, has signed an agreement to build five thousands houses for the teachers. The agreement was signed by the Kano state Commissiober for Justice Mohammed Lawan on behalf of the government while director general of Family Read More
The expectation expressed by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, to the effect that if Nigeria is able to receive even $2 billion monthly Diaspora remittances the exchange rate of the naira will be boosted is apt, albeit speculative. The minister’s permutation is probably borne out of the inability of the nation’s monetary authority, namely, Read More
President Muhammadu Buhari has submitted a supplementary budget of N895 billion to the National Assembly for consideration. The chairman, Senate Committee on Army, Ali Ndume (APC, Borno South), disclosed this Friday after the closed door screening of the Chief of Army Staff, Maj.-Gen. Farouk Yahaya. According to him, the president had promised us that he would re-jig the nation’s security Read More
The federal government has commissioned another twenty new Basic Life Support Ambulance buses and seven state-of-the-art firefighting trucks as part of efforts to reduce incidences of fire disasters in the country. The newly acquired equipment were part of the N10.4 billion infrastructure upgrade approved by the Federal Executive Council on March 3, comprising of 44 firefighting engines, 15 water tankers, Read More
Nigerian women have been charged to beware of investing their monies into Ponzi schemes promising financial independence and high returns, stressing the need for adherence to the 30-day rule of savings instead. Mrs Titilola Oladejo, a Financial and Investment Expert, gave the charge Saturday, at a webinar on Skills and Tools on Practical Financial Advice, organised by Mothers United and Read More
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